Sebastian James, CEO of Boots, has resigned following the stalling of Walgreens Boots Alliance's (WBA) plans for a £5 billion ($6.32 billion) sale or stock market listing of the company. The decision comes amid a challenging retail environment, with WBA, a retail pharmacy company, experiencing a multi-year low in stock price and having to slash its guidance. James is set to take on a new role at the ophthalmology chain Veonet.
🇬🇧 Boots chief to depart after sale process stalls https://t.co/XytbpxYkLs
🇬🇧 Sebastian James quits Boots to run Veonet eye clinics https://t.co/weDBNcaGWs
🇬🇧 Boots CEO Seb James quits as owner abandons sale https://t.co/DIZZ5vn9Qw
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Head of Boots unit reportedly will depart as Walgreens struggles. https://t.co/2GvThXmimm
Head of Boots pharmacy chain reportedly will depart as Walgreens struggles https://t.co/fWauZ3OsM4
Boots chief James to run ophthalmology chain Veonet Full story ⬇️ https://t.co/BGP4aGXkCj
Boots chief to depart after sale process stalls https://t.co/YSF4nm82cP
🇬🇧 Boots chief Sebastian James quits as owners abort sale again https://t.co/JRhW6T6Ewv
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$WBA's Boots CEO Sebastian James is out after 👉 stock hits a 𝗺𝘂𝗹𝘁𝗶-𝘆𝗲𝗮𝗿 𝗹𝗼𝘄 👉the mgmt 𝘀𝗹𝗮𝘀𝗵𝗲𝗱 𝗶𝘁𝘀 𝗴𝘂𝗶𝗱𝗮𝗻𝗰𝗲 due to a worsening retail environment 👉 WBA 𝘀𝗵𝘂𝘁𝘁𝗲𝗿𝗶𝗻𝗴 𝘀𝘁𝗼𝗿𝗲𝘀 Had been short this name but covered after the drop. https://t.co/ePcM0totVG
🚨Boots chain CEO Sebastian James quit as CEO after owner Walgreens Boots Alliance's plans for a 5 billion pound ($6.32 billion) sale or stock market listing of the company stalled. WBA is a Retail Pharmacy company. https://t.co/fjLuVRj7s8